Sentimental Favorites

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					Sentimental Favorites

The death of a loved one can bring out either the best or the worst in
families. Typically, it is not the major pieces of property that cause
conflict, but the smaller sentimental pieces.

The death of a loved one can bring out either the best or the worst in
families. Typically, it is not the major pieces of property, such as the
family home, that cause conflict, but the smaller sentimental pieces.
Although creating a will allows you to distribute your property, it
typically does not mention each and every piece of personal property.
So who determines who receives what when it comes to the smaller,
personal items?
For items not specifically mentioned in the will, it is typically up to the
estate’s executor, the personal representative, or in the case of a trust, the
trustee, to decide who is to receive which tangible personal property
items, or which ones should be sold or auctioned. That is where the
disputes may come in. If it is one of the children acting as the estate’s
executor, and the child is faced with the task of deciding the fate of
sentimental items, the child might also find herself in also wanting
something. In their executor’s role, it might not look right to the other
beneficiaries if they take it.
If you have sentimental objects that you would like to see passed to a
specific beneficiary, the first step is to make sure that he or she wants the
item. It is not always an easy topic, but a necessary one to avoid later
conflict. Then you need to make sure you advise your estate planning
attorney that you wish to make certain personal property bequests, so
they may advise you of the best way to do so. You would not believe
the number of times that we hear “but Mom promised that to me…”
Make sure to put these promises in writing for your children.
Experienced estate planning attorneys Portland OR of the Law Offices
of Richard B. Schneider LLC offers estate planning and business
planning resources to residents of Portland OR. To learn more about
these free resources, please visit http://www.rbsllc.com today.

				
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Description: The death of a loved one can bring out either the best or the worst in families. Typically, it is not the major pieces of property that cause conflict, but the smaller sentimental pieces.